A sum of ruees 20,000 yielded an intrest of rupees 1200 in year . how much intrest will a sum of rupees 35,000 yield in the year at the same year at the same rate of interest
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Let the rate of interest be x %
And we know S.I.=PRT/100
Then according to the question,
=20000×x×1/100 = 1200
x=6%
Now Rate of interest =6%,
Sum=Rs.35000
Time =1year
Therefore S.I.=PRT/100
=35000×6×1/100 =Rs.2100
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